Savings and Deposits Innovation

Application Number: 2014101156
Application Date: 18.09.2014
Publication Number: 2014101156
Publication Date: 02.10.2014
Publication Kind : A4
IPC: G06Q 40/02
Applicants: AAA Blockchain Limited
Agent: Taylor, Nina

Title: (EN) New method for Banks & Financial institutions using crypto currency for savings & deposit taking. example Bankcoin mines/mints interest, mines/mints transaction fees, proof of stake, pos.

Abstract: (EN) The invention concerns cryptographic currency for use in the finance industry. More specifically the present invention relates to the provision of cryptographic currency by banking or other such financial institutions for their everyday products such as deposit and term deposit accounts etc. The financial institution then mints/mines the cryptographic currency up to a certain percentage to pay the interest on the account etc.

All information regarding this patent is available via this direct link on the World Intellectual Property Organisation Website